
Question 25 Chapter 1 of +2-Part-1
25. (Treatment of Interest received) Calculate the interest to be credited to Income and Expenditure account for the year 31-3-2015 :
Particulars | Rs. |
Interest received | 32,500 |
Interest Accrued 1-4-14 | 9,100 |
Interest Accrued 31-3-15 | 5,200 |
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The solution of Question 25 Chapter 1 of +2 Part-1
: –
Interest to be credited to Income and Expenditure account |
||
Particulars |
Amount | |
Interest received during the year | 32,500 | |
Add: Interest accrued at the end | 5,200 | |
37,700 | ||
Less: Interest accrued in the beginning | (9,100) | |
Interest credited to Income and Expenditure Account | 28,600 |
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Also, Check out the solved question of previous Chapters: –
Usha Publication – Accountancy PSEB (Class 12) – Volume I – Solution
- Chapter No. 1 – Accounting Not for Profit Organisations
- Chapter No. 2 – Partnership Accounts – I
- Chapter No. 3 – Partnership Accounts – II (Introduction)
- Chapter No. 4 – Partnership Accounts – III (Goodwill: Nature and Valuation)
- Chapter No. 5 – Partnership Accounts – IV (Reconstitution of Partnership)
- Chapter No. 6 – Partnership Accounts – V (Admission of A Partner)
- Chapter No. 7 – Partnership Accounts – VI (Retirement and Death of A Partner)
- Chapter No. 8 – Company Accounts (Share Capital)
- Chapter No. 9 – Company Accounts (Issue of Debentures)
- Chapter No. 10 – Company Accounts (Redemption of Debentures)
Usha Publication – Accountancy PSEB (Class 12) – Volume II – Solution
- Chapter No. 1 – Financial Statements of a Company (Balance Sheet Only)
- Chapter No. 2 – Techniques of Financial Statement Analysis
- Chapter No. 3 – Ratio Analysis
- Chapter No. 4 – Cash Flow Statement
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